Two-dollar bills, dollar coins, and half dollars: do you spend them or keep them? (buy, sell)
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I get a ton of dollar coins from the vending machines at work. It's probably the most common place for me to spend them as well, because they work better than the dollar bills.
Twos I spend just like any other currency. Someone on eBay is selling twos for $3.95 a piece. Perhaps I need to get a stack of them and sell them for $3 a piece just to compete! Of course, anyone can just as well get them at the local bank for a whopping $2 a piece.
I'll save the half dollars from prior to 1970, when they had some silver content. I also have a few bicentennial half dollars kicking around. Anything else gets spent just like any other currency. Whenever I have a yard sale, I'll get a few rolls of them from the bank just to make giving change simpler.
When my Son was in Middle School & (HS FR/SO yrs) I would give him 5 $2 bills a week to spend on "Extras" in the school cafe, His lunch was on a pre-paid lunch card, but if he wanted IceCream or something extra he could use the $2 to buy it.
I gave him 5 Two Dollars Bills each week so he could visualize it, 5 day $2 per day. If I gave him a Ten dollar bill he had trouble seeing that it had to last for the week. And would spend it all on Monday. Then complain all week that he had no extra money.
I keep them when I do come across them. I received a silver certificate dollar, dated 1957 as change a few weeks ago. I brought it home and showed the kids, who were amazed it was still in circulation.
I spend $2 bills and dollar coins but have not seen one in over a decade. I keep the 40% silver half dollars but have not seen any in over a decade. (Pre-1965 half dollars are 90% silver, as are dimes and quarters. The other 10% is copper, which is used because it is a harder metal than silver.) I also save 35% silver nickels but haven't seen one in several years.
I keep them when I do come across them. I received a silver certificate dollar, dated 1957 as change a few weeks ago. I brought it home and showed the kids, who were amazed it was still in circulation.
The silver certificate was probably returned to circulation by someone who had held onto it for years and decided holding it wasn't a great financial move to continue holding it.
BTW, the 'series' year printed on currency is NOT necessarily the year it was printed. Currency has two signatures, the Treasurer of the United States and the Secretary of the Treasury. The series year changes when a new Treasurer takes office and remains constant until replaced by a new Treasurer; I believe 1934 Series notes were printed until replaced by the 1950 Series. When a new Treasury Secretary takes office, a letter suffix is appended to the Series - 1950A, 1950B, etc.
Last edited by freemkt; 11-26-2015 at 09:45 AM..
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